Everyone Hates VCs After the SVB Collapse w/ Jacob Silverman
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Everyone Hates VCs After the SVB Collapse
Jacob Silverman
Notes
Paris Marx is joined by Jacob Silverman to discuss the collapse of Silicon Valley Bank, how it’s part of a larger crisis in the tech sector, and why it’s turning people against the industry’s venture capitalists.
Guest
Jacob Silverman is a journalist and the host of The Naked Emperor, a new CBC podcast. Follow Jacob on Twitter at @SilvermanJacob.
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Links
- Jacob wrote about the lessons from the Silicon Valley Bank collapse in the Globe and Mail.
- Paris wrote about how the SVB collapse should be a radicalizing moment against venture capitalists.
- A video circulated about Jason Calacanis bragging about SVB offering him favorable banking services.
- A screenshot shows a founder complaining about Chase closing his bank account because his company doesn’t have a physical office, saying SVB never required one.
- Peter Thiel’s Founders Fund told its portfolio companies to pull their money out of SVB before its collapse.
- SVB’s President pushed for Congress to reduce regulations and oversight on banks like SVB as it grew.